Homework Answers
| Conversion cost = Direct labor cost + Factory overhead + Variable factory overhead | ||
| Conversion cost = (75000+51250+50000) | ||
| Conversion cost = $ 176,250/. | ||
| No of units produced is = 20,000/. | ||
| Conversion cost per unit is = (176250/20000) | ||
| Conversion cost per unit is = $ 8.8125/. | ||
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Information from the records of the Conundrum Company for September 2019 was as follows: Sales $307,500...
4. Information from the records of the Conundrum Company for September 2018 was as follows: Sales...
4. Information from the records of the Conundrum Company for September 2018 was as follows: Sales $307,500 Selling and administrative expenses 52,500 Direct materials used 66,000 Direct labor75,000 Variable factory overhead 50,000 Factory overhead 51,250 Inventories Sept. 1. 2018 Sept 30, 2018 Direct materials $ 8,000 $10,500 Work in process 18.750 21,000 Finished goods 17.250 14,250 Conundrum Corporation produced 20,000 units. What are the conversion costs per unit? (3 points) $7.05 $8.8125 S12.1125 d. $14.7375
1. Information from the records of the Freya Corporation for the month of April 2019 is...
1. Information from the records of the Freya Corporation for the month of April 2019 is as follows: Direct materials inventory, beginning Direct materials inventory, ending Direct labor Direct material purchases Factory wages Finished goods inventory, beginning Finished goods inventory, ending Indirect materials Rent on factory building Sales Selling and administrative expenses Utilities in the factory WIP inventory, beginning WIP inventory, ending $25,000 28,000 45,000 58,000 18,000 25,000 22,000 11,000 23,000 220,000 21,000 12,000 7,000 15,000 Assume a tax rate...
7) Information from the records of the Abel Corporation for July 2018 was as follows: Sales...
7) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials used 264,000 Direct labor 300,000 Factory overhead 450,000 (variable $205,000; fixed $200,000) Direct materials Inventories July 1, 2018 July 31, 2018 $36,000.... ... $.42.000 75,000 84,000 69,000 57,000 Work in process Finished goods The prime costs are: a) $ 210,000. b) $ 264,000. c) $ 300,000 d) $ 564,000
8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales...
8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials 264,000 405,000 (variable Factory overhead $205,000;fixed $200,000) Inventories Direct materials Work in process Finished goods July 1, 2018 $36,000 75,000 69,000 July 31, 2018 $. 42.000 84,000 57,000 The total product cost is: a) $ 1,179,000. b) $ 969,000 c) $ 615,000. D) $ 764,000.
8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales...
8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials 264,000 Factory overhead 405,000 (variable $205,000;fixed $200,000) Inventories July 1, 2018 July 31, 2018 Direct materials $36,000 $ 42,000 Work in process 75,000 84,000 Finished goods 69,000 57,000 The total product cost is: a) $ 1,179,000. b) $ 969,000 c) $ 615,000 D) $ 764,000 Answer: _(3 points)
7) Information from the records of the Abel Corporation for July 2018 was as follows: Sales...
7) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials used 264,000 Direct labor 300,000 Factory overhead 450,000 (variable $205,000; fixed $200,000) Inventories July 1, 2018 July 31, 2018 Direct materials $ 36,000 $ 42,000 Work in process 75,000 84,000 Finished goods 69,000 57,000 The prime costs are: a) $ 210,000 The prime costs are: a) $ 210,000. b) $ 264,000 c) $ 300,000 d)...
4. Information from the records of Cain Corporation for December of the current year is as...
4. Information from the records of Cain Corporation for December of the current year is as follows: Sales Selling and administrative expenses Direct materials used Direct labor Factory overhead $1,230,000 210,000 264,000 300,000 405,000 Direct materials Work in process Finished goods Inventories Dec. 1 Dec. 31 $36,000 $42,000 75,000 84,000 69,000 57,000 The conversion costs are: a. $960,000. b. $1,179,000. c. $705,000. d. $564,000. 5. Rancor Inc. had a per-unit conversion cost of $2.50 during April and incurred direct materials...
La Sim Manufacturing Company provided the following information for the year 2019 Inventories Direct Materials Work-in-Process...
La Sim Manufacturing Company provided the following information for the year 2019 Inventories Direct Materials Work-in-Process Finished Goods 31/12/2018 31/12/2019 $84,000 $60,000 26,000 54,000 94,000 89.000 Other information: Sales Revenue Raw materials purchased Direct labor Indirect materials Plant supervisor's salary Office cleaner's wages Depreciation on factory plant & equipment Plant utilities Special Design Cost Insurance Office Utilities Depreciation on delivery truck Administrative salaries Salesmen commission Advertising 1.998,000 360,000 470,000 60,000 49,000 8,000 89,000 130,000 25,700 120,000 42,100 18,000 78,000 26,000...
The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning...
The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,400 16,000 7,700...
The following information is available for Koba Company. 2019 49) December 31, 2019 $30,000 22,200 21,000...
The following information is available for Koba Company. 2019 49) December 31, 2019 $30,000 22,200 21,000 January 1, 2019 $26,000 18,500 30,000 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales $170,000 230,000 180,000 800,000 Instructions (a) Compute cost of goods manufactured Presented below are incomplete 2019 manufacturing cost data for Shell Corporation. 50) Manufacturing Overhead Total Manufacturing Costs Direct Labor Direct Materials Used $194, ? $72,000 $48,000 (a) $305,000 $80,000 $95,000...
4. Information from the records of the Conundrum Company for September 2018 was as follows: Sales $307,500 Selling and administrative expenses 52,500 Direct materials used 66,000 Direct labor75,000 Variable factory overhead 50,000 Factory overhead 51,250 Inventories Sept. 1. 2018 Sept 30, 2018 Direct materials $ 8,000 $10,500 Work in process 18.750 21,000 Finished goods 17.250 14,250 Conundrum Corporation produced 20,000 units. What are the conversion costs per unit? (3 points) $7.05 $8.8125 S12.1125 d. $14.7375
1. Information from the records of the Freya Corporation for the month of April 2019 is as follows: Direct materials inventory, beginning Direct materials inventory, ending Direct labor Direct material purchases Factory wages Finished goods inventory, beginning Finished goods inventory, ending Indirect materials Rent on factory building Sales Selling and administrative expenses Utilities in the factory WIP inventory, beginning WIP inventory, ending $25,000 28,000 45,000 58,000 18,000 25,000 22,000 11,000 23,000 220,000 21,000 12,000 7,000 15,000 Assume a tax rate...
7) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials used 264,000 Direct labor 300,000 Factory overhead 450,000 (variable $205,000; fixed $200,000) Direct materials Inventories July 1, 2018 July 31, 2018 $36,000.... ... $.42.000 75,000 84,000 69,000 57,000 Work in process Finished goods The prime costs are: a) $ 210,000. b) $ 264,000. c) $ 300,000 d) $ 564,000
8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials 264,000 405,000 (variable Factory overhead $205,000;fixed $200,000) Inventories Direct materials Work in process Finished goods July 1, 2018 $36,000 75,000 69,000 July 31, 2018 $. 42.000 84,000 57,000 The total product cost is: a) $ 1,179,000. b) $ 969,000 c) $ 615,000. D) $ 764,000.
8) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials 264,000 Factory overhead 405,000 (variable $205,000;fixed $200,000) Inventories July 1, 2018 July 31, 2018 Direct materials $36,000 $ 42,000 Work in process 75,000 84,000 Finished goods 69,000 57,000 The total product cost is: a) $ 1,179,000. b) $ 969,000 c) $ 615,000 D) $ 764,000 Answer: _(3 points)
7) Information from the records of the Abel Corporation for July 2018 was as follows: Sales $ 1,230,000 Selling and administrative expenses 210,000 Direct materials used 264,000 Direct labor 300,000 Factory overhead 450,000 (variable $205,000; fixed $200,000) Inventories July 1, 2018 July 31, 2018 Direct materials $ 36,000 $ 42,000 Work in process 75,000 84,000 Finished goods 69,000 57,000 The prime costs are: a) $ 210,000 The prime costs are: a) $ 210,000. b) $ 264,000 c) $ 300,000 d)...
4. Information from the records of Cain Corporation for December of the current year is as follows: Sales Selling and administrative expenses Direct materials used Direct labor Factory overhead $1,230,000 210,000 264,000 300,000 405,000 Direct materials Work in process Finished goods Inventories Dec. 1 Dec. 31 $36,000 $42,000 75,000 84,000 69,000 57,000 The conversion costs are: a. $960,000. b. $1,179,000. c. $705,000. d. $564,000. 5. Rancor Inc. had a per-unit conversion cost of $2.50 during April and incurred direct materials...
La Sim Manufacturing Company provided the following information for the year 2019 Inventories Direct Materials Work-in-Process Finished Goods 31/12/2018 31/12/2019 $84,000 $60,000 26,000 54,000 94,000 89.000 Other information: Sales Revenue Raw materials purchased Direct labor Indirect materials Plant supervisor's salary Office cleaner's wages Depreciation on factory plant & equipment Plant utilities Special Design Cost Insurance Office Utilities Depreciation on delivery truck Administrative salaries Salesmen commission Advertising 1.998,000 360,000 470,000 60,000 49,000 8,000 89,000 130,000 25,700 120,000 42,100 18,000 78,000 26,000...
The following data is provided for Garcon Company and Pepper Company. Beginning finished goods inventory Beginning work in process inventory Beginning raw materials inventory (direct materials) Rental cost on factory equipment Direct labor Ending finished goods inventory Ending work in process inventory Ending raw materials inventory Factory utilities Factory supplies used (indirect materials) General and administrative expenses Indirect labor Repairs-Factory equipment Raw materials purchases Selling expenses Sales Cash Factory equipment, net Accounts receivable, net Garcon Company $ 13,400 16,000 7,700...
The following information is available for Koba Company. 2019 49) December 31, 2019 $30,000 22,200 21,000 January 1, 2019 $26,000 18,500 30,000 Raw materials inventory Work in process inventory Finished goods inventory Materials purchased Direct labor Manufacturing overhead Sales $170,000 230,000 180,000 800,000 Instructions (a) Compute cost of goods manufactured Presented below are incomplete 2019 manufacturing cost data for Shell Corporation. 50) Manufacturing Overhead Total Manufacturing Costs Direct Labor Direct Materials Used $194, ? $72,000 $48,000 (a) $305,000 $80,000 $95,000...
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